The recent peak of capital net inflow to #Bitcoin is similar to early rallies of 2016: a peak followed by an intermission, with the price managing to stay above key levels like the STH cost basis.
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
Halving effect materializing. #Bitcoin
Read the latest Bitcoin Strategy newsletter, where we compare the current capital flow to the 2nd and 3rd Halving cycles.👇
The Institutions Are Here!
Market Update: Capital Flow
STH cost basis at an ATH of $60.7k and bounced off strong. #Bitcoin
New ATH for S&P 500. #Bitcoin 👀
Chart highlights the age of spent volume in the current drawdown:
-2020 bull market participants who held through the bear and are now locking in profits.
-Buyers from the 2022 bear market bottom now realizing substantial gains.
#Bitcoin
Cycle alignments. #Bitcoin
Live ETF Tracker Update — v3: Now Includes Hong Kong ETFs 🔥
#Bitcoin
Halving progress 1%. #Bitcoin 
#Bitcoin Key levels.
note1ymusvlgv4fr0hcny9hzhvmhmx4nywtqcqn97chwsrgtt0g0pzh9q3z9d7f
note1ymusvlgv4fr0hcny9hzhvmhmx4nywtqcqn97chwsrgtt0g0pzh9q3z9d7f
#Bitcoin Key levels.
With declining transaction fees, miner revenue drops from 900 to 450 a day — delayed Halving effect. #Bitcoin
While a Halving supply crunch always needed time to materialize, this Halving, the fee spike caused miners to earn more BTC instead of less, resulting in, at least temporarily, the absence of a supply shock. #Bitcoin
ETFs’ update for the week:
-Blackrock's third consecutive day with ZERO net inflows.
-GBTC fell below 300k BTC (from >600k at launch).
Demand drying up?
After reaching the historic top 10, today, BlackRock ended its 71-day streak of continuous net inflows. #Bitcoin
Due to the Halving, #Bitcoin's annual inflation will drop to ~0.8% over the coming year. Meanwhile, the M2 money supply will likely return to its 7% average.
ETFs Update: Net inflow 932 #BTC (69% lower than average since launch).
- Reduced outflows from Grayscale,
- Reduced inflows into other ETFs.
Where will the Bitcoin price be in 50k blocks?
Looking forward to what this Halving will bring! #Bitcoin
Short-Term Holder cost basis at $58.8k. #Bitcoin
